Can someone explain to me the economical reason for this phenomenon?
In the UK at the moment the cost of everything seems to go up. Whether it be rent, food, fuel etc. but peoples' salaries seem to stay pretty much the same. What is this in terms of economics?
- amyLv 61 month ago
cost always goes up. But wages can stagnate/stall.
- OiyLv 51 month ago
It's called inflation. Since the UK has 8billion Pound Sterling more in the country after Brexit. So the government tries to keep promises of spending and spending. But the trade talks with the EU and elsewhere have not gone through even a single shot. No new investment in the UK right now. And of course, no raise, no bonus. Even Nissan, which has gone back to Japan, has denied the plan to increase investment in the UK again. But all in all, we need to support Boris. There is no alternative, anymore.
- ZirpLv 71 month ago
Capitalism. Companies trying to maintain or increase profits, even when costs rise
- Serene ELv 71 month ago
It's called inflation
- How do you think about the answers? You can sign in to vote the answer.
- JuanBLv 71 month ago
Too bad Brits didn't ask this question more before voting in the referendum.